Argo Group International Holdings, Ltd. (NYSE:ARGO) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 354,900 shares, an increase of 21.0% from the August 31st total of 293,200 shares. Based on an average daily volume of 180,600 shares, the short-interest ratio is presently 2.0 days. Currently, 1.1% of the company’s shares are sold short.
Separately, Compass Point initiated coverage on shares of Argo Group International in a research report on Friday, September 18th. They set a “buy” rating and a $41.00 target price on the stock.
Shares of Argo Group International stock traded down $0.33 on Thursday, reaching $34.10. The stock had a trading volume of 135,317 shares, compared to its average volume of 241,200. Argo Group International has a 1 year low of $25.00 and a 1 year high of $70.44. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.19 billion, a P/E ratio of -7.70 and a beta of 0.89.
About Argo Group International
Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. The U.S. Operations segment underwrites primary and excess specialty casualty, and commercial multi-peril, as well as contract, product, environmental, and auto liability products; and general, auto, management, errors and omissions, and public entity liability, as well as workers compensation, and surety and inland marine risks.
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